| | Business Summary | | FreeMarkets,
Inc.
creates
business-to-business
online
markets
and
provides
electronic
commerce
technology
and
services
for
the
procurement
of
industrial
parts,
raw
materials,
commodities
and
services.
FreeMarkets
has
created
over
9,200
online
markets
and
has
enabled
its
customers
to
source
products
from
more
than
165
supply
verticals.
More
than
9,300
suppliers
from
over
55
countries
have
participated
in
online
markets
created
by
FreeMarkets.
In
addition
to
its
FullSource
offering,
which
provides
customers
with
the
full
range
of
FreeMarkets'
technology,
services
and
information,
FreeMarkets
offers
its
DirectSource
and
QuickSource
hosted
services,
which
enable
customers
to
run
their
own
online
markets.
FreeMarkets
also
operates
the
FreeMarkets
Asset
Exchange
for
buyers
and
sellers
of
surplus
assets
and
inventory. | | More
from
Market Guide: Expanded
Business Description |
| | Financial Summary | | FreeMarkets
creates
business-to-business
online
auctions
for
buyers
of
industrial
parts,
raw
materials
and
commodities
and
services,
providing
access
to
the
online
auction
marketplace
to
industrial
buyers
and
suppliers.
For
the
six
months
ended
6/30/01,
revenues
totaled
$65
million,
up
from
$27.9
million.
Net
loss
totaled
$284.5
million,
up
from
$64.7
million.
Results
reflect
an
increased
number
of
eMarketplace
users,
offset
by
$258.9
million
in
write-offs
and
other
non-cash
costs. | | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| Glen Meakem, 37
Chairman,
CEO | $390K | $5.5M | David Becker, 37
Pres,
COO, Director | 325K | -- | Joan Hooper, 43
CFO,
Sr. VP | 308K | -- | William Blair, 49
Sr.
VP, CTO | -- | -- | John Levis, III, 39
Sr.
VP of People Devel. | -- | -- | | Dollar
amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors:
Expanded
List, Bios,
Compensation,
Options
|
|
![[one-year price graph]](http://chart.yahoo.com/c/0b/f/fmkt.gif)